"To construct a high-quality, custom home within five months at costs not to exceed $150,000" is best classified as

A. A limit.
B. An exclusion.
C. An objective.
D. A milestone.
E. A deliverable.


Answer: C

Business

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Examples of matching expenses against revenues using the association of cause and effect include all of the following except

A) insurance costs. B) transportation costs for delivery of goods to customers. C) costs of products sold. D) sales commissions.

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A key source of information for computing employer payroll taxes is the

a. end-of-period balance sheet; b. income statement; c. payroll register; d. employees' check stubs; e. statement of owner's equity.

Business

Answer the following statements true (T) or false (F)

1.There is often more transformational leadership occurring in virtual teams (than in face-to-face teams). 2.Shared leadership will include informal leaders. 3.Virtual teams are especially prone to free-riding. 4.A team is always formed to be on-going. 5.In some virtual teams, face-to-face contact might be impossible.

Business

Which account will be included in both service and merchandising companies closing entries?

A) Sales B) Cost of Merchandise Sold C) Sales Discounts D) Sales Returns and Allowances

Business